CHINA-ECONOMY: URBAN UNEMPLOYMENT RISES TO 19.9 PER CENT IN JULY
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Data released by the National Bureau of Statistics (NBS) on August 15 stated that China’s
urban youth unemployment rate reached 19.9% in July, the highest level since record keeping
began in January 2018. Caixin (August 15) noted that this is the fourth consecutive month of
record high unemployment among urbanites from 16 to 24 years old, with the rate increasing
0.6 of a percentage point from June.
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